Texas Instruments Sees Massive $1.85M Call Position Opened at $320 Strike Amid Stock Rebound

By TrendSpider Editor

Texas Instruments (TXN) is drawing significant attention in the options market today, with a dominant $1,848,000 call contract at the $320 strike driving total unusual premium to $2,010,966 across four flagged contracts. TXN shares are trading at $287.30, up 1.97% on the session, and sit well within

Texas Instruments Sees Massive $1.85M Call Position Opened at $320 Strike Amid Stock Rebound

Texas Instruments (TXN) is drawing significant attention in the options market today, with a dominant $1,848,000 call contract at the $320 strike driving total unusual premium to $2,010,966 across four flagged contracts. TXN shares are trading at $287.30, up 1.97% on the session, and sit well within the stock's 52-week range of $152.76 to $334.03, leaving meaningful room to run toward that call's strike. The concentration of bullish premium relative to bearish activity makes this an options flow story worth watching closely.

Key Drivers of the TXN Stock Move

• Main Catalyst: Four unusual options contracts were flagged today totaling $2,010,966 in premium. The dominant trade is a call at the $320 strike expiring January 15, 2027, with a size of 1,600 contracts, open interest utilization of 68%, and a premium of $1,848,000. That single position accounts for roughly 92% of all unusual premium activity in TXN today.
• Bull Case: The $320 call expiring in January 2027 is a sizable directional bet that TXN will push above $320 within roughly three months. That target sits about 11.4% above the current price of $287.30 and within reach of the 52-week high of $334.03. An in-the-money call at the $255 strike expiring November 20, 2026, adds further confirmation that at least some traders expect near-term upside continuation.
• Bear Case: Offsetting the bullish flow, a put at the $280 strike expiring September 17, 2027, carries a 200% open interest ratio, and a near-term put at the $275 strike expiring November 6, 2026, shows a striking 1,333% open interest ratio, suggesting that contract hit with outsized conviction relative to existing positioning. Both put strikes sit below current price but signal that not all smart money is aligned to the upside.

The forward setup for TXN is constructive given the weight of bullish premium, but the outsized open interest ratio on the November $275 put deserves attention. That contract expires in under four weeks, meaning traders positioning there expect a near-term pullback or are hedging existing long exposure aggressively. TXN operates in the analog and embedded semiconductor space, and the broader chip sector has remained sensitive to macroeconomic signals around industrial demand and capital expenditure cycles. The January 2027 call position suggests at least one large participant sees the current $287 level as a launching pad rather than a ceiling, with the 52-week high of $334.03 serving as the natural magnet for any extended rally.

TXN Unusual Options Activity

• Put: $280 strike | Expiry: September 17, 2027 | Size: 22 | Open Interest Ratio: 200% | OTM
• Call: $255 strike | Expiry: November 20, 2026 | Size: 10 | Open Interest Ratio: 200% | ITM
• Call: $320 strike | Expiry: January 15, 2027 | Size: 1,600 | Open Interest Ratio: 68% | OTM
• Put: $275 strike | Expiry: November 6, 2026 | Size: 40 | Open Interest Ratio: 1,333% | OTM

Total unusual premium across all four contracts stands at $2,010,966. Call premium dominates at $1,884,150 combined, while put premium totals $126,816. The net directional lean is bullish by a wide margin, driven almost entirely by the January $320 call block.

TXN Seasonality

October has historically been a transitional month for semiconductor stocks, often seeing volatility tied to earnings season and forward guidance from major chipmakers. With the January 2027 call expiration in play, the position is structured to capture any year-end and early-2027 momentum that tends to follow fourth-quarter industrial demand updates.

TXN Relative Performance

TXN's 1.97% gain on the session reflects solid relative strength for a large-cap semiconductor name. At $287.30, the stock is trading significantly above its 52-week low of $152.76, recovering more than half the distance toward its 52-week high of $334.03, which suggests the stock has already staged a meaningful recovery and is now approaching a technically significant zone where options positioning becomes especially impactful.